RX Announces the launch of a Wholly-Owned Subsidiary in Shenzhen

Shenzhen (December 20th, 2022):  RX (Reed Exhibitions) today announced the founding of RX (Shenzhen) Exhibitions Co., Ltd., a wholly-owned company of RX in Shenzhen.

With more than 40 years of fast growth  in China, RX owns a fleet of wholly-owned companies and joint ventures that host more than 70 trade fairs in China every year. RX serves customers in 12 sectors, in China including automobiles, electronics, smart manufacturing, gifts and retail, medical and health care, printing and packaging, catering and entertainment.

South China has always been an important market for RX. Back in 2007, RX founded a joint venture in Shenzhen, RX Huabo, which has continuously expanded its brand influence with the Shenzhen Gift Show as its core event, which has now become known as Shenzhen City’s calling card. Today, RX Huabo organizes over 10 gifts and home events across different cities in China every year. Another RX joint venture,  Reed Sinopharm, organizes the China International Medical Equipment Fair (CMEF), a world-class flagship event in the medical and healthcare industry, in Shenzhen. In addition,  RX also organizes a series of exhibitions specific to the electronics, touch screen and display and smart manufacturing sectors in Shenzhen every year, including NEPCON ASIA, C-TOUCH & DISPLAY, FILM & TAPE EXPO, and S-FACTORY.

Shenzhen's convention and exhibition industry started in 1999. After over 20 years of rapid development, Shenzhen has become one of the most famous cities in China for conventions and exhibitions. Statistics show that Shenzhen boasted a total of 5.03 million square meters area for exhibitions in 2021, an increase of 27.34% over 2019, accelerating its pace to become a top international exhibition city. Driven by historical opportunities, such the Guangdong-Hong Kong-Macau Greater Bay Area development program and the city's status as a pilot zone of socialism with Chinese characteristics and various reforms since the start of China’s  14th Five-Year Plan, the city is planning to develop 20 strategic emerging industry clusters focused on advanced manufacturing covering areas such as semiconductors and integrated circuits, UHD displays, intelligent terminals, intelligent connected vehicles, new materials, high-end medical equipment, healthcare, and modern fashion. The city is working hard to create a technical and industrial innovation hub that will have  global impact.

With all this in mind,  RX is seizing the immense opportunities brought by Shenzhen's development strategies and policies, to make the best of the times, and to deeply cultivate its influence in the Greater Bay Area market.

Commenting on the launch, Mr. Michael Cheng, President of RX Greater China, said: "RX will further develop its business in China. We will fully combine our unrivaled industry resources and expertise in hosting online and offline events with the Greater Bay Area's advantages in industry clusters, geographical location, and exhibition environment. We are working with partners to foster more international exhibitions with greater industry influence and growth drivers in Shenzhen, to promote business exchanges and economic prosperity of the Greater Bay Area. Looking forward, we are planning to launch more high-quality exhibitions in the areas of automobiles, packaging, and new materials which will help enterprises in the Greater Bay Area to maintain,   expand and build their domestic and overseas business."

The Commerce Bureau of Shenzhen Municipality welcomed the new subsidiary of RX, indicated that this move shows RX’s confidence in the superior exhibition environment and promising prospects of Shenzhen’s convention and exhibition industry. The launch is expected to contribute to Shenzhen's efforts of building an international convention and exhibition city and building a convention and exhibition industry hub in the Greater Bay Area. The Bureau looks forward to RX  introducing more international brand exhibitions and conferences to Shenzhen in the future.

About RX (Reed Exhibitions)

RX is in the business of building businesses for individuals, communities and organisations. We elevate the power of face to face events by combining data and digital products to help customers learn about markets, source products and complete transactions at over 400 events in 22 countries across 43 industry sectors. RX is passionate about making a positive impact on society and is fully committed to creating an inclusive work environment for all our people. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. www.rxglobal.com

About RXGC (Reed Exhibitions Greater China)

After four decades of rapid growth in China, RX has made its name as a well-respected and professional event organizer in Greater China. RXGC comprises multiple member companies and joint ventures. RXGC boasts about 500 employees, serving 12 industries with focus on 7 core sectors: Automotive Manufacturing; Electronics Manufacturing; Smart Manufacturing; Gifts & Retail; Medical & Healthcare; Printing & Packaging; Catering & Recreation. RXGC organizes about 70 events each year with over 2 million square meters of total show floor space, bringing together more than 30,000 exhibitors and 1 million visitors from China and abroad. In addition, RXGC stages 100+ online events throughout the year, providing business connections and transaction, insights sharing and knowledge learning for related communities. www.rxglobal.com.cn